Risk-Free 10-Year Bond Promises 53% Gain: Stocks Brace For Impact
Portfolio Pulse from Piero Cingari
The 10-year Treasury note yield has hit a 4.35% threshold, unseen since 2007, offering a potential 53% return over the next decade. However, rising yields could exert downward pressure on stocks, particularly in the communication services, consumer staples, and technology sectors. The US Treasury 10 Year Note ETF (NASDAQ:UTEN) tracks the 10-year Treasury note.
August 21, 2023 | 8:50 pm
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NEGATIVE IMPACT
The US Treasury 10 Year Note ETF (NASDAQ:UTEN) could be impacted by the rising 10-year Treasury note yield.
The US Treasury 10 Year Note ETF (NASDAQ:UTEN) tracks the 10-year Treasury note. As the yield on the 10-year Treasury note rises, it could impact the performance of the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100